London Markets in Real Estate
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John Adams, partner at Deloitte Real Estate, discusses the growing challenge to support housing delivery across the UK amid an evolving housing market.
At MIPIM we hosted events with Cities ranging from Belfast to Berlin, from Manchester to Stockholm and Barcelona.
As MIPIM comes to a close, Deloitte Real Estate’s delegation reflects on one of the big themes of this year’s event - the evolution of Smart Cities
Speaking at this year’s MIPIM, a clear theme to emerge has been the consistent and obvious challenge that affects cities all over the globe, which is how we can utilise technology to shape the cities of the future.
Well MIPIM 2018 is over for another year. It was a very good show and yet again the North West shone. The programmes pulled together by both Liverpool and Manchester were the strongest I can ever remember. Liverpool majored on the waterfront with the port and the leisure / tourism sector again to the fore. Manchester presented a wide ranging programme but of particular note were the sessions on natural capital and global sport which added new dimensions to what was already a very diverse programme.
Sadiq Khan has published the final version of his affordable housing and viability supplementary planning guidance (SPG). This was consulted on earlier in the year. The final document has remained very similar to the draft but with a number of subtle differences. It sets out the Mayor’s approach to strategic applications that are referred to him, noting that Local Planning Authorities (LPAs) are encouraged to follow the same approach for all schemes providing 10 or more homes.
The London Mayor has published a new CIL Preliminary Draft Charging Schedule for consultation. The consultation period ends on the 7 August.
Broadening the Composition of London’s housing supply
I attended the excellent London Planning & Politics conference recently and joined a panel debating the key policy interventions to tackle London's housing crisis. My theme was the need to broaden the composition of housing supply in order to achieve the 50,000 per annum new homes that London needs.
In publishing "A City for all Londoners" the Mayor of London has reaffirmed many of his manifesto pledges (https://www.london.gov.uk/sites/default/files/cfal_oct_2016_fa_rev1.pdf). The document, known in GLA circles as "Towards a London Plan", acts as a prospectus for how to deliver the Mayor's pro-development vision for meeting London's ever growing housing, economic and infrastructure needs, while protecting the things that Londoners value and trying to meet as much of the city's growth demands within London itself.
The latest edition of our UK Property Handbook has just been sent out, containing the usual wealth of easy-to-digest detail on the domestic market. Here’s a quick look at a few of the top-level themes…
There has been no let-up in the wave of foreign capital steadily flowing into the UK property sector this year but one sector in particular seems to be standing out from the crowd. Although central London offices continue to dominate activity in the investment market, the volume of student housing transactions is also making headlines. Has the sector finally been accepted as a mainstream investment?
Deloitte’s latest Consumer Review analyses the mass-personalisation of consumer goods – a fast-growing trend that has significant implications for the real estate within retailers’ supply chains.